Indian Market Soars: Nifty Hits New High, Rupee Falls Amidst FII Selling

• Indian equity indices extended gains for the second consecutive week in the first week of 2026.
• Nifty 50 hit a fresh all-time intraday high of 26,340 on January 2, closing at 26,328.55.
• Market rally was driven by strong auto sales and positive earnings outlook, despite FII selling and geopolitical tension.
• FIIs were net sellers (Rs 13,180.09 crore) while DIIs were net buyers (Rs 17,766.57 crore) for the week.
• The Indian rupee depreciated to 90.19 per US dollar, down 34 paise from its previous close.

Why It Matters: Indian market surged to new highs in early 2026, but FII selling and rupee depreciation persist.